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20130121
20130129
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ryan which was going in the right direction of controlling spending, still had a debt for the end of this year at $1,711,000,000,000,000. spent it is getting worse. >> thank you. there's a question that allowing debt to continue to build more rapidly so a debt as a share of gdp is -- on some circumstances it is inevitable. the circumstances are not what we have today. we should be getting it under control and doing so quickly. >> mr. johnson? >> congressman, figures two and three in my written test will address this issue directly. these are the congressional budget office numbers. this is the number two and you can see the impact tax cuts, to foreign wars, medicare part d which was not paid in 2008, bush tax cuts and then, of course, the financial crisis, if you moved to figure through this shows you the swing in medium-term debt projected by the cbo before and after they realize the severity of the financial crisis. 50% of gdp increased -- >> let me ask you a question. was the president right? yes or no? >> the president was right when he spoke, what did he realize was how bad i
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